‘Old-school central banking’ can only do so much to help during coronavirus crisis [Financial Post (Toronto, Ontario, Canada)]
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
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Source: Financial Post
'Old-school central banking' can only do so much to help during coronavirus crisis Kevin Carmichael: So far, the Bank of Canada is fighting the economic dimension of this mostly alone; Morneau has yet to do anything to boost confidence After the Bank of Canada cut interest rates by a half-point on March 4, I wrote that the timing of its next move would be determined by oil prices. If I had thought to check the central bank’s measure of commodity prices, I might have been less surprised by the second cut nine days later. The commodity-price index plunged almost 13 per cent between March 4 and March 11, the biggest move in weekly data that date back to 1972. Oil was the main factor, with the energy sub-index collapsing 21 per cent. The numbers are hard to look at on a spreadsheet, never mind a balance sheet where the figures take on a whole different meaning. The average change from week to week is usually about 0.1 per cent. “The economic consequences of the coronavirus itself will cle
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- Canadian Imperial Bank of Commerce (NYSE: CM) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Canadian Imperial Bank of Commerce (NYSE: CM) had its "sector perform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $97.00 price target on the stock, up previously from $74.00.MarketBeat
- CIBC and The Cognizant Classic in The Palm Beaches announce multi-year partnershipPR Newswire
- CIBC and Chicago Blackhawks renew partnership: A 15-year relationship strengthenedPR Newswire
- Canadian Imperial Bank of Commerce (NYSE: CM) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
CM
Earnings
- 12/5/24 - Beat
CM
Sec Filings
- 11/5/24 - Form 424B2
- 11/5/24 - Form 424B2
- 11/5/24 - Form 6-K
- CM's page on the SEC website